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☆ US bus company Coach files for bankruptcy to sell its business
▼ + stars: | 2024-06-12 | by ( ) edition.cnn.com time to read: +2 min

Coach USA, the operator of Megabus and other commuter bus lines in the US and Canada, filed for bankruptcy protection in Delaware late Tuesday, seeking to sell its assets and shed debt incurred in an ill-timed 2019 private equity buyout. Coach, the largest privately owned bus company in the US, was acquired by private equity firm Variant Equity Advisors for $270 million, mostly using debt that is still on the company’s books. Coach CEO Derrick Waters said that buses will continue to run as normal during the company’s bankruptcy. The company operates several other bus brands in addition to Coach, including Megabus, Dillon’s Bus Company, and Go Van Galder. Renco Group, a private investment company, would acquire the majority of Coach’s assets in exchange for taking on $130 million of company debt and certain union contracts.

Persons: Derrick Waters, ” Waters, Van Galder Organizations: USA, Equity, Coronavirus, Economic Security, Dillon’s Bus Company, Renco, Avalon Transportation, ABC Buses Locations: Canada, Delaware, Wilmington , Delaware, Atlanta , Georgia

☆ China making 'concerted effort' to dominate critical US ports equipment, Biden official says
▼ + stars: | 2024-02-29 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

SUZHOU, CHINA - FEBRUARY 27: A gantry crane hoists vehicles for export at Taicang Port's International Container Terminal on February 27, 2024 in Suzhou, Jiangsu Province of China. Gene Seroka, executive director of the Port of Los Angeles, told CNBC that Biden's executive order is a wake-up call for the port and supply chain industry. "The bottom line is that today's high-tech cranes can collect data and that is why this executive order is so important," said Seroka. "It's no secret that China has both the capability and the intent to challenge the rules based trade system. The Biden administration has positioned the executive order as part of a "whole government approach" in securing the nation's ports.

Persons: Biden, Christa Brzozowski, ZPMC, Gene Seroka, Brzozowski, Carlos Gimenez, John Vann, Vann, Wayne R, Arguin Jr, Arguin Organizations: Taicang, Getty, Department of Homeland Security, Homeland Security, Coast Guard, Transportation, Maritime Security, Shanghai Zhenhua Heavy Industries Co, Capitol, CNBC, Cyber Security Operations Center, Guard, White, Resilience, of Commerce, Defense, Coast Guard Cyber Command, US Coast Guard, U.S Locations: SUZHOU, CHINA, Suzhou, Jiangsu Province, China, Capitol, United States, U.S, Republic of China, Shanghai, Beijing, Capitol Hill, of Los Angeles, Los Angeles

"I'm thinking about marketing myself as a TikTok Shop creator," Jayy told BI in July. Outside its in-house team, TikTok also deputizes official third-party TikTok Shop agency partners to work with creators and merchants on e-commerce strategies. And the company offers advice to all affiliate creators on its website via its TikTok Shop Academy. Someone who is not popular or famous going on TikTok Shop and offering products, or someone who is very popular and famous now getting products?" "I think the shortest path to more volume through TikTok Shop is really that second group."

Persons: D'Amelio, TikTok, Remy Beaumont, it's, Joy Mangano, Beaumont, playbook, Rick Watson, Sharon Jayy, Jayy, Watson Organizations: Business, Shop, Z Media, intel, Training, RMW Commerce Consulting, TikTok Shop, Shop Academy Locations: London, China, Douyin, TikTok's Culver

☆ Fulton County government outage: Cyberattack brings down phones, court site and tax systems
▼ + stars: | 2024-01-30 | by ( Alta Spells | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —An ongoing cyberattack against Georgia’s Fulton County, which includes parts of Atlanta, has brought some of the government’s systems to a standstill, halting access to court filings, tax processing and other services. The office of the county’s District Attorney Fani Willis lost access to its phones, internet and the court system website, according to a source with direct knowledge of the matter. The communication, court and tax systems have all been brought down, said Fulton County Board of Commissioners Chairman Robb Pitts in a news briefing Monday. A source with first-hand knowledge in Fulton County told CNN the internet and Odyssey court access are down as well. “We at Fulton County take cybersecurity seriously and we place a high priority on the protection of sensitive information,” Pitts said.

Persons: Fani Willis, Willis, Donald Trump, Robb Pitts, Pitts, ” Pitts, “, ” Organizations: CNN, Georgia’s, county’s Department of Information Technology, FBI, Fulton, IT, The Atlanta, Baltimore Sun, Baltimore Locations: Georgia’s Fulton County, Atlanta, county’s, Fulton County, Baltimore, New Mexico’s, Albuquerque, US

☆ Hollywood Agency Partners With Tech Start-up Over A.I. Protection
▼ + stars: | 2024-01-30 | by ( Nicole Sperling | More About Nicole Sperling | ) www.nytimes.com time to read: +1 min

Vermillio has created a platform, Trace ID, that could insulate WME clients from thefts of their likeness and intellectual property by using A.I. The partnership will also look for ways to use the technology to allow clients to monetize their likeness and image themselves. Even after a deal with SAG-AFTRA, the actors’ union, was ratified, some performers remained dissatisfied with the A.I. The contract, for instance, does not prohibit studios from populating screens with “synthetic fakes,” which can be created through A.I. A.I.-generated images also proliferate online, like the fake, sexually explicit images of Taylor Swift that appeared online last week.

Persons: WME, Vermillio, A.I, Taylor Swift Organizations: SAG

SummaryCompanies Aims for aerospace margin of 15-17%Expects medium-term annual operating profit of 2.8 bln stgShares rise 6.5%LONDON, Nov 28 (Reuters) - Rolls-Royce (RR.L) aims to quadruple profit in the next five years by boosting the performance of its jet engines and bearing down on costs in boss Tufan Erginbilgic's masterplan for Britain's most prestigious engineering company. That would be driven by surge in profit margins at its civil aerospace business to 15-17% from 2.5% last year. Agency Partners analyst Nick Cunningham said the targets implied Rolls-Royce was willing to shed revenues in exchange for better profitability. "If so, that is a deeper culture change from Rolls-Royce’s traditional market share optimisation approach of past decades," he said. "We will capture market share every year, but in a profitable way," he said.

Persons: Tufan, Erginbilgic, Nadja Wohlleben, Royce, Nick Cunningham, Rolls, Paul Sandle, Barbara Lewis, Mark Potter Organizations: Royce, Airbus, Boeing, REUTERS, Agency Partners, Trent, Thomson Locations: widebodies, Royce Germany, Dahlewitz, Berlin, Germany

☆ Economics and nature square off in Dubai Airshow jet engine rift
▼ + stars: | 2023-11-17 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

The head of the world's largest international carrier was speaking in the midst of negotiations to buy dozens of Airbus A350-1000 jets powered by Rolls-Royce's XWB-97 engine, which have foundered for now over maintenance and pricing issues. I happen to be a service," Emirates President Tim Clark told reporters this week. INSURANCE-TYPE DEALSWhile the visible face of engine makers is technology, the way they generate much of their income resembles insurance. Rather than charge for repairs as they arise, engine makers increasingly strike long-term deals priced by the flight hour, agreeing to swallow the cost of planned and unexpected outages. To engine makers it means generating cash as soon as the engine enters service rather than waiting for shop visits.

Persons: Denis Balibouse, Tim Clark, Royce's, Larry Culp, Tufan Erginbilgic, Royce, Clark, Rolls, Nick Cunningham, Tim Hepher, Alexander Cornwell, Pesha Magid, Sarah Young, Rajesh Kumar Singh, David Evans Organizations: Boeing, Emirates, Cointrin Airport, REUTERS, Rights, Airlines, Royce, Airbus, GE Aerospace, Reuters, GE, Agency Partners, Thomson Locations: Cointrin, Geneva, Switzerland, Rights DUBAI, Dubai, India, Gulf

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.

Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome

☆ How the GOP muzzled the quiet coalition that fought foreign propaganda
▼ + stars: | 2023-11-10 | by ( Kevin Collier | Ken Dilanian | ) www.cnbc.com time to read: +14 min

A once-robust alliance of federal agencies, tech companies, election officials and researchers that worked together to thwart foreign propaganda and disinformation has fragmented after years of sustained Republican attacks. The most recent setback came when the FBI put an indefinite hold on most briefings to social media companies about Russian, Iranian and Chinese influence campaigns. "We're having some interaction with social media companies," Wray said. "The symbiotic relationship between the government and the social media companies has definitely been fractured." Tech companies are still sharing their findings with each other, a Meta spokesperson told NBC News.

Persons: Christopher Wray, Wray, Sen, Mitt Romney, they're, Mark Warner, Warner, Hillary Clinton's, Barack, CISA, Joe Biden, Donald Trump, Hunter, Mark Zuckerburg, Hunter Biden, didn't, Biden, Nina Jankowicz, Jankowicz, Jen, Jim Jordan, Kara Swisher, we're, Elon Musk, wasn't Organizations: U.S, Capitol, Washington , D.C, GOP, FBI, Force, NBC News, Senate Homeland Security Committee, Justice Department, Committee, Republican, Infrastructure Security Agency, Department of Homeland Security, Microsoft, Senate Intelligence, Kremlin, Internet Research Agency, Facebook, Twitter, National Security Agency, Democrats, New, Digital, Republicans, Homeland Security, Wired, Rep, Tech Locations: Washington ,, Silicon Valley, R, Utah, Russia, Iran, China, U.S, Illinois, CISA, New York, Missouri, Louisiana, Ohio, Israel

WASHINGTON/SEOUL, Sept 27 (Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody and heading home after being expelled by North Korea into China, the United States said on Wednesday. For its part, North Korea appears to have treated his case as one of illegal immigration. North Korea's KCNA state news agency said King told Pyongyang he entered North Korea illegally because he was disillusioned about unequal U.S. Last month, it said that he wanted refuge in North Korea or elsewhere because of maltreatment and racial discrimination within the U.S. army. KING IN 'GOOD HEALTH'The Swedish government, which represents U.S. interests in North Korea because Washington has no diplomatic presence in the country, retrieved King in North Korea and brought him to China.

Persons: Travis King, King, KCNA, Matthew Miller, Nicholas Burns, Miller, Kim Hong, Jonathan Franks, Claudine Gates, Gates, Myron Gates, Fort Sam Houston, Brittney Griner, Hyonhee Shin, hyang Choi, Phil Stewart, Susan Heavey, Trevor Hunnicutt, Doina, Idrees Ali, Daphne Psaledakis Michael Martina, Humeyra Pamuk, David Brunnstrom, Brendan O'Brien, Johan Ahlander, Philippa Fletcher, Sharon Singleton, Bill Berkrot, Don Durfee, Daniel Wallis, William Maclean, Cynthia Osterman Organizations: North, The State Department, ., China . State Department, U.S, Osan Air Force Base, King, REUTERS, United States Army, ABC News, South Korean, Brooke Army Medical Center, Base San, Fort, Russia, Thomson Locations: WASHINGTON, SEOUL, U.S, North Korea, China, United States, Washington, Pyongyang, Swedish, Beijing, Dandong, Shenyang, South Korea, Sweden, Gijungdong, Panmunjom, Texas, Base San Antonio, Seoul, Chicago, Stockholm

☆ US nurse, child safely released in Haiti two weeks after kidnapping
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

View shows the "El Roi", a Christian community site where the American nurse Alix Dorsainvil used to work before being kidnapped with her child, in Port-au-Prince, Haiti August 1, 2023. REUTERS/Ralph Tedy Erol/File PhotoAug 9 (Reuters) - A U.S. nurse and her child have been safely released after their kidnapping in Haiti two weeks ago, a faith-based humanitarian aid organization where the nurse works said on Wednesday. "We are so thankful for everyone who joined us in prayer and supported us during this crisis," humanitarian aid organization El Roi Haiti said in a statement. The nurse, Alix Dorsainvil, and her child were kidnapped from El Roi Haiti's campus near Port au Prince on July 27. In most cases, children and women are forcefully taken by armed groups and used for financial or tactical gain, UNICEF said.

Persons: Alix Dorsainvil, Ralph Tedy Erol, El Roi, El, Ismail Shakil, Simon Lewis, Jonathan Oatis, Lisa Shumaker Organizations: REUTERS, El, Port au Prince, Children's Agency, UNICEF, U.S . State Department, Thomson Locations: Port, Prince, Haiti, U.S, El Roi Haiti, El Roi Haiti's, Port au, Ottawa, Washington

☆ Warner Bros. Discovery is making a big shake-up to its ad sales org. Read how its sales chief explained the changes.
▼ + stars: | 2023-07-31 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Discovery is shaking up its ad sales organization. It's also expected to make further staff reductions in ad sales as part of the restructure. Discovery is shaking up its ad sales organization and structure. EVP Jim Keller, who was key to bringing a digital approach to the merged company's newly combined sales team, left, along with Scott Kohn, EVP of national ad sales, and John Dailey, SVP of ad sales. Based on the learnings and successes we've experienced in the past year, this morning we are announcing a new sales structure and strategy.

Persons: It's, Marybeth Strobel, Greg Regis, Regis, Strobel, Ryan Gould, Jon Diament, Sheereen Russell, WBD, Jon Steinlauf, Jim Keller, Scott Kohn, John Dailey, David Zaslav, we've, AE's, Lucia Moses, lmoses Organizations: Warner Bros, WBD, Max, CNN, NBA, NCAA, MLB, NHL

☆ Warner Bros Discovery to restructure ad sales division
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: 1 min

July 31 (Reuters) - Warner Bros Discovery (WBD.O) said on Monday it would restructure its advertising sales division including the leadership team, as the entertainment major seeks to address a downturn in ad demand. Advertising agency partners will now work with dedicated sales leaders and teams providing them with direct access to a variety of brands under the company's umbrella. In the new leadership structure, Jon Diament will lead the ad and partner strategy, while Ryan Gould will take on a newly created role to head the digital team to oversee the company's advertising, programmatic sales and data strategy. Reporting by Zaheer Kachwala and Akash Sriram in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Diament, Ryan Gould, Zaheer Kachwala, Akash Sriram, Vinay Dwivedi Organizations: Warner Bros Discovery, Thomson Locations: Bengaluru

☆ Alix Dorsainvil: What we know about the American nurse kidnapped with her child in Haiti
▼ + stars: | 2023-07-31 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +4 min

CNN —Before Alix Dorsainvil was kidnapped with her child in Haiti, the American nurse described Haitians as a “resilient people” who are “full of joy and life and love.”Her comments came in a video on the website of El Roi Haiti, the Christian humanitarian aid organization for which she works. Dorsainvil, the wife of El Roi Haiti Director Sandro Dorsainvil, and their child were reportedly abducted Thursday morning while serving in their community ministry on El Roi Haiti’s campus near the capital city Port-au-Prince, according to a statement from the non-profit. The same day, the US State Department ordered the departure of nonemergency government personnel from Haiti as the security situation in the country deteriorates. Dorsainvil, a nurse from New Hampshire, moved to Haiti after her husband invited her to the Haitian school to provide nursing care for the children, Dorsainvil explained in an undated video on the organization’s website. “Please pray for Alix Dorsainvil,” the school said.

Persons: Alix Dorsainvil, ”, Dorsainvil, El Roi, Sandro Dorsainvil, Sandro Dorsainvil’s alma, ” Dorsainvil, “, ” El, ” “ Alix, Jesus, Antoinette Hays Organizations: CNN, El Roi Haiti, US State Department, Authorities, United, School, State Department, U.S . Department of State, Department of State, U.S, Cornerstone Christian Academy, Regis College, ” Regis Locations: Haiti, El Roi Haiti, El, El Roi Haiti’s, Port, United States, Canada, United Nations, New Hampshire, Montana, ” El Roi Haiti, U.S, Wakefield, Weston , Massachusetts

CNN —An American nurse and her child have been kidnapped in Haiti, according to El Roi Haiti, the Christian humanitarian aid organization she works for. Alix Dorsainvil, wife of El Roi Haiti Director Sandro Dorsainvil, and their child were reportedly abducted Thursday morning, according to a statement on El Roi Haiti’s website. The two were taken while serving in their community ministry on El Roi Haiti’s campus near capital city Port-au-Prince, the post read. “Alix is a deeply compassionate and loving person who considers Haiti her home and the Haitian people her friends and family. Dorsainvil, originally a nurse from New Hampshire, moved to Haiti after her husband invited her to a Haitian school to provide nursing care for the children, Dorsainvil said in a video on the organization’s website.

Persons: Alix Dorsainvil, El Roi, Sandro Dorsainvil, El, “ Alix, Alix, Jesus, Dorsainvil Organizations: CNN, El Roi Haiti, El Roi Haiti’s, State Department, U.S . Department of State Locations: Haiti, El Roi Haiti, El, El Roi, El Roi Haiti’s, Port, New Hampshire, U.S

☆ US nurse, child abducted in Haiti, non-profit organization says
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, July 29 (Reuters) - A U.S. nurse and her child have been kidnapped in Haiti, a faith-based humanitarian aid organization said on Saturday. "We can confirm that Alix Dorsainvil, our director’s wife, and their child were kidnapped on the morning of Thursday, July 27th from our campus near Port au Prince while serving in our community ministry," El Roi Haiti said on its website. The statement gave no further information on the age or gender of the child. “We are aware of reports of the kidnapping of two U.S. citizens in Haiti,” a U.S. State Department spokesperson said in a statement. “We are in regular contact with Haitian authorities and will continue to work with them and our U.S. government interagency partners.”Reporting by Paul Grant; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Alix Dorsainvil, “, ”, Paul Grant, Daniel Wallis Organizations: U.S . State Department, Thomson Locations: U.S, Haiti, Port au Prince, El Roi Haiti

PARIS, June 22 (Reuters) - The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders and offered some respite for suppliers as air travel springs back sharply from the pandemic. The industry returned to Le Bourget with high expectations of commercial orders and low expectations regarding the supply chain, but generated a more balanced picture on both fronts. Announced orders reached near-record levels but were heavily dominated by two airlines leading the charge in India, the world's fastest growing market: IndiGo (INGL.NS) and Air India. A key focus of the show was how those planes will be produced after the pandemic disrupted supply chains. Several major companies said they had built up more buffer stocks and were seeing signs of improvement in supply chains.

Persons: Le Bourget, Christian Scherer, Pieter Elbers, Sash Tusa, Tim Hepher, Mark Potter Organizations: Air India, Airbus, Boeing, IndiGo, Aero Systems, Agency Partners, Thomson Locations: Paris, India, COVID, Ukraine

☆ Fernando Machado, CMO of NotCO, talks about what marketers overlook while trying to embed DEI into their campaigns
▼ + stars: | 2023-06-20 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +4 min

Fernando Machado is the CMO of NotCo, formerly of Burger King and Activision Blizzard. This article is part of CMO Insider, a platform that explores how the role of chief marketing officer is evolving. Fernando Machado, CMO of NotCo, a plant-based food company, is known for his bold campaigns at Burger King and Activision Blizzard.His repertoire has often tackled current social issues like LGBTQ rights and representation of other minoritized groups. In an conversation with Insider, Machado explains what most marketers overlook and how they can align their DEI strategies with agency partners. At Burger King, we had agencies sign a pledge to reach certain targets [around diversity], but only because we had targets ourselves.

Persons: Fernando Machado, Burger King, Machado, you've, It's, Burger, victimize Organizations: NotCo, Activision Blizzard, Burger King, Activision Locations: Burger

The world's largest air show, which alternates with Farnborough in Britain, is at Le Bourget for the first time in four years after the 2021 edition fell victim to the pandemic. On the civilian side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. REUTERS/Benoit TessierIndiGo's deal highlights the growing importance of India, the world's fastest-growing aviation market, serving the largest population, to planemakers. In another key market, Airbus said Saudi budget airline flynas had firmed up an order for 30 of its A320neo-family narrowbody aircraft, confirming a Bloomberg report. France's Thales (TCFP.PA) also announced a contract from Indonesia for 13 long-range air surveillance radars.

Persons: Le Bourget, Emmanuel Macron, planemakers, Sash Tusa, Benoit Tessier IndiGo's, there's, Pieter Elbers, flynas, Avolon, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Aditi Shah, Julia Payne, Nandan Mandayam, Mark Potter, Jonathan Oatis Organizations: Airbus, Defence, Indian, Paris, Reuters, Air India's, Boeing, Farnborough, French Rafale, Industry, Partners, Air, REUTERS, Saudi, Bloomberg, Kyiv, Rafale, Eurofighter, Thales, Mexico's Viva, Thomson Locations: Paris, PARIS, Britain, UKRAINE, European, France, Germany, Spain, Le Bourget, India, Ukraine, Ukrainian, Belgium, Franco, Spanish, Indonesia, Air India

[1/2] A model of a Future Combat Air System (SCAF), a European aircraft developed by France, Germany and Spain is displayed during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit TessierPARIS, June 19 (Reuters) - The Paris Airshow opened on Monday with last-minute jet order negotiations and supply chain headaches competing for attention with rows of missiles, drones and futuristic transport. France's Thales (TCFP.PA) announced a contract from Indonesia for 13 long-range air surveillance radars. On the commercial side, planemakers arrived with growing demand expectations as airlines rush for capacity to meet demand and help reach industry goals of net zero emissions by 2050. Airbus is also close to a potentially large order for narrow-body jets from Mexican low-cost carrier Viva Aerobus, industry sources said on Sunday.

Persons: Benoit Tessier PARIS, Le Bourget, Emmanuel Macron, France's, planemakers, Tim Hepher, Joanna Plucinska, Allison Lampert, Valerie Insinna, Mark Potter Organizations: Air, Paris, REUTERS, Farnborough, French Rafale, U.S, Rafale, Eurofighter, France's Thales, Airbus, . Industry, Qantas, Viva Aerobus, Boeing, Thomson Locations: European, France, Germany, Spain, Le Bourget, Paris, Britain, Belgium, Franco, Spanish, Ukraine, Indonesia

South Korean companies do not disclose the unit prices for their weapons, which are often sold with support vehicles and spare parts. That will include building South Korean arms on license in Poland, officials in Seoul and Warsaw said. "It may work for some countries at very, very low volume," he added of Polish-brokered South Korean weapons sales, discussing challenges the joint operation might face. The 2022 arms deal began with South Korean companies signing a framework agreement with the Polish government. Seoul has since approved at least some South Korean weapons components for use in Ukraine.

☆ Inside the scramble to evacuate a US embassy surrounded by the chaos of street fighting, gunfire, and explosions
▼ + stars: | 2023-05-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +13 min

US forces evacuated the American embassy in Sudan days after violence erupted in its capital. As the situation deteriorated, the Pentagon dispatched Special Operations Forces to evacuate US diplomatic staff in a dramatic helicopter operation. Foreign governments began efforts to pull out their diplomatic staff and, in some cases, also moved to evacuate their civilians. People walk by a house hit in recent fighting in Khartoum, Sudan, Tuesday, April 25, 2023. US Marine Corps courtesy photoWith the embassy staff gone, questions remained over whether Washington would move to evacuate US citizens, as some other Western nations had been doing.

Europe's biggest low-cost carrier said it was placing a firm order for 150 of the largest version of Boeing's narrow-body jet family, known as the 737 MAX 10, with options for another 150. The deal delivers a boost to the 737 MAX, Boeing's best-selling jet whose deliveries have been depressed by a two-year safety crisis and post-COVID disruption. "Boeing wanted us to step up the scale and size of the order even to get the discounts that we [got]." Boeing Chief Executive Dave Calhoun countered during a press conference that no premium was high enough for the jet, in a jovial back-and-forth. On Monday, Reuters first reported that Ryanair was close to a major deal for Boeing jets.

Ryanair said the order would allow it to almost double its traffic to 300 million passengers per year by March 2034 from the 168 million flown to the end of March this year. On Monday, Reuters first reported that Ryanair was close to a major deal for Boeing jets. But its boss pledged not to overpay for the 30 extra seats, telling Reuters in March he could also order more of the existing 200-seat 737 MAX 8200. Ryanair said the deal was worth $40 billion at list prices, though experts note typical discounts run at more than 50%. "Ryanair operates a 737 fleet and is pretty locked in," with Airbus (AIR.PA) sold out for years and China years away from being to supply the West, Agency Partners analyst Nick Cunningham said.

☆ Ryanair set to order jets from Boeing, burying hatchet after price spat
▼ + stars: | 2023-05-09 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, May 9 (Reuters) - Ireland's Ryanair (RYA.I) is set to bury the hatchet with its exclusive supplier and place a multi-billion-dollar order for Boeing jets on Wednesday, ending an 18-month spat over prices. Boeing (BA.N) said it would make a "major announcement" at 1300 GMT, but gave no further details. The 737 MAX sells for up to $131 million at list prices but typical discounts run at more than 50% and details of final pricing are confidential. But the bond between Ryanair and Boeing loosened following the pandemic as low-cost carriers expanded markets. But he has pledged not to overpay for the 30 extra seats, telling Reuters in March he was also looking at more orders of the 200-seat 737 MAX 8200.

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